Summary
Reddit is expanding its partnership with Google, giving Google access to user-generated content. The $60 million deal will allow Google to use Reddit data to improve its products and services. Reddit will also gain access to Google’s Vertex AI. Some Reddit users expressed concerns about Google gaining access to its content. Reddit is reportedly planning an IPO in March 2024.
Key Points
1. Reddit is expanding its partnership with Google, giving Google access to nearly two decades of user-generated content to improve its products and services.
2. Google signed a $60 million deal with Reddit to gain access to its data, which will help Google maintain its AI dominance and enhance its understanding and use of Reddit content.
3. Reddit users have expressed concerns about Google gaining access to their user content, with some worried about how Google will handle and filter problematic content from Reddit.